CALCULATORFULL SCREENPRINTER VERSION4 BACKNEXTOURCESExercise 6-09 a1,a2, b (Part Level Submission)vork5-02 a-c5-04 a-elMoath Company reports the following for the month of June.UnitsUnit CostTotal Cost-C (PartJune 1Inventory200$5$ 1,00012Purchase40062,4001,a2, bmission)23Purchase30072,10030Inventory100y Study(a1)MYour answer is correct.Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.)Weighted Average Unit Cost6.11SHOW SOLUTIONLINK TO TEXTeement I Privacy Policy I © . Version 4.24.21.12000-2021 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wilev & Sons. Inc. CALCULATORFULL SCREENPRINTER VERSION4 ВАСKNEXTOURCESCompute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Roundanswers to 0 decimal places, e.g. 1,250.)vork5-02 а-с5-04 a-elThe ending inventory611-C (PartThe cost of goods sold4,8891,a2, bnission)SHOW SOLUTIONLINK TO TEXTy StudyAttempts: 1 of 15 used(b)Will the results in (a) be higher or lower than the results under FIFO and LIFO?Ending inventory isthan FIFO $andthan LIFO $In contrast, cost of goods sold isthan FIFO $andthan LIFO $eement I Privacy Policy I © 2000-2021 lohn Wiley & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.21.1

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Description: CALCULATORFULL SCREENPRINTER VERSION4 BACKNEXTOURCESExercise 6-09 a1,a2, b (Part Level Submission)vork5-02 a-c5-04 a-elMoath Company reports the following for the month of June.UnitsUnit CostTotal Cost-C (PartJune 1Inventory200$5$ 1,00012Purchase400

Ending Inventory FIFO = 100 x $7 = $700 LIFO = 100 x $5 = $500 Cost of goods sold FIFO = $5,500 -…

Business

Accounting

Moath Company reports the following for the month of June. Units Unit Cost Total Cost 200 $ 1,000 June 1 Inventory $5 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 (a1) Your answer is correct. Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost 6.11

Moath Company reports the following for the month of June. Units Unit Cost Total Cost 200 $ 1,000 June 1 Inventory $5 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 (a1) Your answer is correct. Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost 6.11

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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